How much does a Retail Loan Officer make? The average Retail Loan Officer salary is $31,475 as of October 28, 2020, but the salary range typically falls between $28,133 and $35,424. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target. 

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Job Openings for Retail Loan Officer
Citizens - Falls Church , VA
As a Mortgage Loan Officer your primary responsibilities include: * Go above and beyond for ... Three plus years of retail residential mortgage sales experience Documented residential mortgage ...
Citizens Bank - 46 days ago
CrossCountry Mortgage, LLC. - Sterling , VA
Good knowledge of retail product philosophy, policy, underwriting, procedures, documentation and ... Loan Officer, Mortgage Banker, Mortgage Consultant, Mortgage Specialist, Senior Loan Officer ...
Lensa - 24 days ago
... loan officer, new opportunity, marketing, retail management, sales associate, sales manager, consultant, producer, entry level, entry level, training, management training, management, customer ...
ZipRecruiter - Today
... loan officer, new opportunity, marketing, retail management, sales associate, sales manager, consultant, producer, entry level, entry level, training, management training, management, customer ...
ZipRecruiter - Today
... loan officer, new opportunity, marketing, retail management, sales associate, sales manager, consultant, producer, entry level, entry level, training, management training, management, customer ...
ZipRecruiter - Today
Aurora Financial - McLean , VA
Communicates with loan officers, buyers, sellers, title companies, builder and agents. * Provides ... Retail processing experience preferred. * Experience processing Conventional Loans * Excellent ...
ZipRecruiter - 3 days ago

Retail Loan Officer Salary in Major Cities

This chart shows the salary comparison for Retail Loan Officer between major cities. San Francisco City consistently ranks #1 as of October 28, 2020. Click on the chart to see the detail salary data for Retail Loan Officer in each city.
Click to see the salary for Retail Loan Officer in these major U.S. cities.
City Name Average Salary
San Francisco, CA $39,344
Washington, DC $35,038
Miami, FL $30,641
Chicago, IL $33,392
Boston, MA $35,463
New York, NY $37,865
Dallas, TX $31,271
If you'd like know Retail Loan Officer Salary in other cities, then please select a city in

Average Base Salary

Core compensation

 
 
 
28133
35424
31475

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
29196
36769
32650
What is the average salary for Retail Loan Officer in 2020?
These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Retail Loan Officer in the United States. The base salary for Retail Loan Officer ranges from $28,133 to $35,424 with the average base salary of $31,475. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $29,196 to $36,769 with the average total cash compensation of $32,650.
Average Salary Average Salary Range
Base Salary $31,475 $28,133 - $35,424
Bonus $1,175 $1,063 - $1,345
Total Pay $32,650 $29,196 - $36,769
* Base Salary represents gross income before taxes and deductions. It does not include additional pay such as benefits, bonuses, profit sharing or commissions.
* Total Pay combines base salary, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job.
Salary.com Estimate Salary Tool provides free, accurate and real-time salary for thousands of careers. Please enter the following pay factors for Retail Loan Officer, to get a real-time salary target. If you want to get more detailed salary information, please view Professional Salary Report
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28133
35424

 

What's the difference between Loan Officer and Retail Loan Officer?
According to our latest salary estimation on October 28, 2020. The average salary of Retail Loan Officer is $31,475, and the average salary of Loan Officer is $67,053. The average salary of Loan Officer is higher than Retail Loan Officer. ( 2020-10-28 salary.com )
I am a Retail Loan Officer, which location’s salary is higher, Barnstable, MA or New Britain, CT?
New Britain, CT typically sees higher pay than Barnstable, MA for Retail Loan Officer. a Retail Loan Officer Salary in New Britain, CT is $33,994 as of October 28, 2020; a Retail Loan Officer Salary in Barnstable, MA is $33,191 as of October 28, 2020. ( 2020-10-28 salary.com )
Why does the salary of a Retail Loan Officer vary from city to city?
The cost of living is tied to salaries. If the expenses are higher in a particular city, then the wage level will be higher as well to afford the people can opportunity to live there. This is why you're always going to make more money in New York City for example, than in a small town. ( 2020-10-28 salary.com )
What are the Pay Factors for Retail Loan Officer?
Salary ranges for a Retail Loan Officer can vary widely, depending on the city and several other pay factors, including (but not limited to) education level, certifications, additional skills, and work experience. Click here to view Eight Factors That Can Affect Your Pay ( 2020-10-28 salary.com )
How the Pay Factors Influence Your Pay?
Salaries are ultimately dictated by the position being applied to, and hiring company, but there are several important pay factors that come into play based on your individual history that could impact your value to the company. Salary.com's Personal Salary Report will analyze these factors for you to help you maximize your earning potential. ( 2020-10-28 salary.com )

Last Update: October 28, 2020